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obama's plans in their own campaign style video. >> this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. >> this political fight is over policy, but if you weren't paying attention, you'd swear the presidential election was still going on. while the fiscal cliff battle plays out, campaign politics marches on. >> i want to help create a better united states. >> we're less than a month removed from the 2012 election, but former south dakota governor mike rounds is already looking ahead to 2014, announcing a bid for the sfath. >> i'll be out visiting in a lot of communities around south dakota. >> and he was the second republican to do that this past week. joining congresswoman shelly moore of west virginia. while 2014 is a long way away, 2013 is just over the horizon. that's when new jersey's chris christie is up for re-election and the tough-talking republican governor's making clear he wants another term in office to help his state recover from superstorm sandy. >> i don't want to leave now. we have a job to do. tha
obama's plans in their own campaign style video. >> this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. >> this political fight is over policy, but if you weren't paying attention, you'd swear the presidential election was still going on. while the fiscal cliff battle plays out, campaign politics marches on. >> i want to help create a better united states. >> we're less than a month removed from the...
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Dec 7, 2012
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it is good news for investors, believe it or not. 25 days away from the fiscal cliff, those new jobs number could also be good for president obama and might end up giving him some of the leverage dana was talking about. listen to this. >> president obama's argument has been that the economy is doing well enough it could handle a tax hike. if the economy were in recession as we saw last time, then he would be reluctant to lift that top rate. if the economy is growing sharply, then if -- the -- some damage from lifting the top rate then maybe the economy can afford it. now the gdp growth number is not as strong as the jobs report. but if we a weak jobs report, then i think the president would have a really, really hard time getting people, even moderate democrats, to increase the marginal rate. the fact it is a strong report, i think, puts wind in the sails. >> wind in his sails. that's not necessarily what the speaker was saying. let's get straight total son kosik live at the new york stock exchange. >> raw numbers. what is the dow doing? >> we are not seeing the wind go in a strong d
it is good news for investors, believe it or not. 25 days away from the fiscal cliff, those new jobs number could also be good for president obama and might end up giving him some of the leverage dana was talking about. listen to this. >> president obama's argument has been that the economy is doing well enough it could handle a tax hike. if the economy were in recession as we saw last time, then he would be reluctant to lift that top rate. if the economy is growing sharply, then if --...
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Nov 29, 2012
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optimism on fiscal cliff negotiations. the dow rallied because of those comments. if there's no deal, though, the bush tax cuts will expire, sending taxes up to about $2,000 for a typical family of four. president obama taking that number to twitter, asking americans to tweet lawmakers using the #my2k. telling lawmakers what that means to them. he would lo he would like them to expire for americans making over $250,000, though. >>> more than half a trillion dollars has been spent on jobless benefits over the past five years. whether to extend additional federal unemployment benefits beyond the end of the year. rising number of families on food stamps, 15,000 families received food stamps up 10% from 2010. >>> cnn's 2012 hero of the year will be an all-star tribute, bringing together the world and people helping others. >> some of those stars have their own tales of inspoiration. including superstar gloria estefan. >> the people we should really celebrate are people out there that are doing other things helping other human
optimism on fiscal cliff negotiations. the dow rallied because of those comments. if there's no deal, though, the bush tax cuts will expire, sending taxes up to about $2,000 for a typical family of four. president obama taking that number to twitter, asking americans to tweet lawmakers using the #my2k. telling lawmakers what that means to them. he would lo he would like them to expire for americans making over $250,000, though. >>> more than half a trillion dollars has been spent on...
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should obama compromise to get things done. 72% say yes. 22% say no. should the gop compromise to get things done. and take a look. 72% say yes. my question for you, wolf, i'm not sure you'll have the answer but perhaps you'll have guidance. for those democrats who say the president has a mandate because voters voted him into office while he campaigned to tax the wealthiest 2%, i wonder how those same people who responded in this poll would respond if they had to choose between what they voted for or the compromise they would want to see. do you have a feeling there? >> bottom line from the poll is that overwhelming majority of the american people want both sides to compromise. they don't want to go over the fiscal cliff. they don't necessarily think the difference is separating these two sides are unbridgeable or unrealistic. they can work out a deal. they have to be adults and be serious and make concessions to the other side and you won't get 100% of what you want. that's the art of compromise. in order to avoid a disaster, the mandatory spending cu
should obama compromise to get things done. 72% say yes. 22% say no. should the gop compromise to get things done. and take a look. 72% say yes. my question for you, wolf, i'm not sure you'll have the answer but perhaps you'll have guidance. for those democrats who say the president has a mandate because voters voted him into office while he campaigned to tax the wealthiest 2%, i wonder how those same people who responded in this poll would respond if they had to choose between what they voted...
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Dec 1, 2012
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. >> president obama is back on the stump pressing republicans to cut a deal averting the fiscal cliff. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> reporter: republicans say they want their christmas, too, and blame the president for the deadlock. >> there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. >> reporter: things got tense after treasury secretary geithner visited capitol hill thursday to present what republicans are calling an unreasonable proposal. it includes $1.6 trillion in new taxes. in part through raising rates on the top 2% and limiting loopholes and deductions. $50 billion in stimulus next year and $400 billion in medicare and other entitlement savings to be worked out. >> i think that the proposal that was delivered here by secretary goieithner to the speaker and me yesterday is not a serious proposal. >> they want to have this extra spending that actually greater than the amount they're willing to cut. >> but democrats say it was just a starting point and one republicans should c
. >> president obama is back on the stump pressing republicans to cut a deal averting the fiscal cliff. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> reporter: republicans say they want their christmas, too, and blame the president for the deadlock. >> there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. >> reporter: things got tense after treasury secretary geithner visited...
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what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree to eliminate a tax deduction for contributions to charity. >> every hospital and university and nonfor profit agency across the country would find themselves on the verge of collapse. so that's not a realistic option. >> reporter: but the president didn't say all this to speaker boehner. he said it in an interview on bloomberg tv. the last time the two men spoke was almost a week ago. president obama is focused on the stalemate with congress over averting the fiscal cliff, but he's just not talking to house republicans about it. at the white house, he discussed the issue with a bipartisan group of governors. >> i know that the president wants a deal and he didn't try to handicap it. >> reporter: earlier this week, he told so-called middle class
what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree to eliminate a tax deduction for contributions to charity. >> every hospital and university and nonfor profit agency across the country would find...
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it's not clear if they will be discussing the fiscal cliff or a possible role for romney in the obama administration or if they're just having lunch. tim geithner also entering the fray, the chief fiscal cliff negotiator will meet with congressional leaders today in an attempt to get talks moving. >>> this alabama teen alleged by beaten by her girl friend's brother insists it didn't happen because she is day. they say the real story will come out when the time is right, for now that's all they're saying. the family is saying it is a hate crime and they want 18-year-old travis hawkins second degree charges upgraded to murder. >>> a texas man is in custody for allegedly making terrorist threats against a san antonio mosque. a witness tells police that 42-year-old christopher bane intended to go to the islamic academy of san antonio and shoot as many people as he could and then kill himself. he was arestrested without incit on tuesday. >>> we are looking at two manatee calves getting much tlc. the newborn was found hungry and all alone over the summer. and then there's pilgrim, rehabbing
it's not clear if they will be discussing the fiscal cliff or a possible role for romney in the obama administration or if they're just having lunch. tim geithner also entering the fray, the chief fiscal cliff negotiator will meet with congressional leaders today in an attempt to get talks moving. >>> this alabama teen alleged by beaten by her girl friend's brother insists it didn't happen because she is day. they say the real story will come out when the time is right, for now that's...
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president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless but guess what, not homeless. city officials say jeffrey hillman does have stable housing, an parm in the bronx. they say he's lived there rent-free for the past three years. but hillman regularly panhandles in times square. >> a former boy scout who says he was sexually abused is suing is the boy scouts of america. the lawsuit claims his former troop leader, thomas hacker was barred from the group in indiana in the 1970s but was able to rejoin as a volunteer in illinois in the 1980s. hacker was arrested in 1988, later convicted in the aggravated sexual assault of an
president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless...
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he is being called in as president obama's point man on the fiscal cliff negotiations. he'll meet with congressional leaders this afternoon. republican representative tom cole. >> we have lots of leverage in this negotiation. nobody wants the spending cuts, particularly democrats on the domestic side to go places. this doesn't deal with that. we still have plenty of leverage in the negotiation. i actually think the american people, number one, should never be used as leverage in a negotiation. >> yesterday, president obama met with corporate ceos who said that a compromise is essential to avoiding the so-called fiscal cliff. here is ceo lloyd blankfein. >> reporter: if this were easy, we wouldn't be standing here having come fabs at the white house how to achieve it. it's going to be difficult. i think what we try to do is we try to get in as good a place as we possibly can. i would rather have more of the -- more of the taxes deferred to beyond the period where the economy is weak. >> well, maybe all of this is working. markets around the world are up today, a sign of
he is being called in as president obama's point man on the fiscal cliff negotiations. he'll meet with congressional leaders this afternoon. republican representative tom cole. >> we have lots of leverage in this negotiation. nobody wants the spending cuts, particularly democrats on the domestic side to go places. this doesn't deal with that. we still have plenty of leverage in the negotiation. i actually think the american people, number one, should never be used as leverage in a...
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called the fiscal split or the fiscal cliff because president obama's plan to avoid the fiscal cliff is not exactly flying with republicans. 32 days now count with me 32 tax rates soar, spending cuts automatically kick in and keep in mind there is a date that we're watching also before this, congress break for the holidays in all of 14 days. >> so to review the president's plan calls for $1.6 trillion in tax hikes, $50 billion in new stimulus spending, and $400 billion in unspecified cuts. the president for himself he's heading to a manufacturing plant in pennsylvania today to try to sell that idea. house speaker john boehner's reaction was essentially, get serious. so we want to talk about the numbers behind this. we're going to bring in ken rogoff, professor of economics and public policy at harvard university. you heard the specifics of the plan, $1.6 trillion in new taxes, $400 billion in unspecified cuts, $50 billion in new stimulus. how does this sound to you? >> well, it certainly sounds like a plan. and i do think we have to see some mix of higher revenues starting now and fr
called the fiscal split or the fiscal cliff because president obama's plan to avoid the fiscal cliff is not exactly flying with republicans. 32 days now count with me 32 tax rates soar, spending cuts automatically kick in and keep in mind there is a date that we're watching also before this, congress break for the holidays in all of 14 days. >> so to review the president's plan calls for $1.6 trillion in tax hikes, $50 billion in new stimulus spending, and $400 billion in unspecified...
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, and this gives, frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> well, the former treasury secretary has one thing to say but many other voices are a virtual kcacophony where wolf blitzer has to sit every day. >> in the short term the president has more leverage right now because if they do nothing, let's say they avoid any legislation between now and the end of the year, starting january 1st we go over that so-called fiscal cliff, tax rates go up not just for the rich but for the middle class, for everyone, all those cuts in domestic spending and naths security spending, they go into effect. people aren't going to be happy about that, and the president will be able to say, look, i begged them, i repeatedly said 98% of the american public, they wouldn't get a tax increase if we just took them out of the equation, let's pass legislation extending the bush tax cuts for everyone earning under $250,000 a year. they didn't do it. so, you know, he'll have some leverage on that in terms of the politics because politically, you know
, and this gives, frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> well, the former treasury secretary has one thing to say but many other voices are a virtual kcacophony where wolf blitzer has to sit every day. >> in the short term the president has more leverage right now because if they do nothing, let's say they avoid any legislation between now and the end of the year, starting january 1st we go over that so-called...
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thank you for that reporting from washington. >>> president obama talking about the fiscal cliff. in his first television interview since the election, that cliff, of course the combination of government spending cuts and tax increases that automatically go into effect on january 1st because people we elected to make a deal can't make a deal. yesterday, republicans proposed steep spending cuts but gave no ground on president obama's call to raise taxes on the wealthiest americans. here's what the president told bloomberg's white house correspondent about that. >> unfortunately the speaker's proposal right now is still out of balance. you know he talks, for example, about $800 billion worth of revenue but was he says he's going to do that by lowering rates. when you look at the platte it doesn't work. when i've said is, i am prepared to work with the speaker and democrats and republicans to go after excessive health care costs in our federal health care system, we're going to have to strengthen those systems and i think we can do that without hurting seniors, without hurting benefi
thank you for that reporting from washington. >>> president obama talking about the fiscal cliff. in his first television interview since the election, that cliff, of course the combination of government spending cuts and tax increases that automatically go into effect on january 1st because people we elected to make a deal can't make a deal. yesterday, republicans proposed steep spending cuts but gave no ground on president obama's call to raise taxes on the wealthiest americans....
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president obama and speaker john boehner are meeting one-on-one trying to hash out a fiscal cliff deal before the end of the year. clearly that's the deadline. no other leaders in the room though. just the two of them. there are sources that confirm that staff members on both sides resumed talking on thursday as well. will those talks go anywhere? mr. baer is a managing director of the harbor group and he's with us this morning. thank you for being with with us. >> good morning. >> i'm trying to decide if this meeting is a good idea for a bad idea. on the good side f you move all the noise and the debate and the extra people in the room and bring the two main people to sit down and hash it out, that could be a good thing. >> it is a good sign. that's how this deal is going to be done e. that's how it was done last s summer how we avoided government shutdown last spring. there's a lot of staff work that has to be done. what's speaker boehner's position and can he bring along enough members to pass a big deal. >> that kind of brings me to the downside of keeping everybody out is that you
president obama and speaker john boehner are meeting one-on-one trying to hash out a fiscal cliff deal before the end of the year. clearly that's the deadline. no other leaders in the room though. just the two of them. there are sources that confirm that staff members on both sides resumed talking on thursday as well. will those talks go anywhere? mr. baer is a managing director of the harbor group and he's with us this morning. thank you for being with with us. >> good morning. >>...
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our "starting point" this morning, president obama says he will not bend in this fiscal cliff debate. americans face the prospect of severe tax hikes, spending cuts if republicans and democrats can't get together to work out some deal. congress breaks for the holidays in ten days. if they don't extend that, it will be ten days from then that we fall off the fiscal cliff. >> if we're going to be serious about reducing our deficit while still being able to invest in things like education and research and development that are important to our growth and if we're going to protect middle class families, then we're going to have to have higher rates for the wealthiest americans, folks like me. >> white house correspondent dan loa lothian is in washington, d.c. this morning. so who has the ball? and whose court is it in at this point? >> reporter: first of all, we know that house gop had that counter offer, which white house spokesman jay carney has referred to as, quote, magic beans and fairy dust. we expect for republicans to put pressure on the white house to engage. in addition to that,
our "starting point" this morning, president obama says he will not bend in this fiscal cliff debate. americans face the prospect of severe tax hikes, spending cuts if republicans and democrats can't get together to work out some deal. congress breaks for the holidays in ten days. if they don't extend that, it will be ten days from then that we fall off the fiscal cliff. >> if we're going to be serious about reducing our deficit while still being able to invest in things like...
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they delivered a counter proposal to president obama's plan to avert the fiscal cliff. guess what, the white house rejected it, calling the gop proposal unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve." let's head now to the white house and dan lothian. the white house will not offer a counter proposal, right? what's going on here? >> reporter: well, you know, i think the white house is digging in. the president said early on in this process that he would only sit down and really move forward, negotiate on this in any meaningful way if the tax hikes for the wealthy expired.
they delivered a counter proposal to president obama's plan to avert the fiscal cliff. guess what, the white house rejected it, calling the gop proposal unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to...
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cliff. and when it comes to doing something to avoid it, house speaker john boehner bluntly told reporters today, there is a stalemate. for his part, president obama is trying to break that stalemate by asking voters to put more pressure on the republicans. cnn chief white house correspondent jessica yellin and chief political correspondent gloria borger join us right now. gloria, guess i'll start with you. does the president have any leverage? >> he has a lot of leverage right now. i mean, if you look back to the debt ceiling in the summer of 2011, you recall the president was accused of negotiating with himself because it was sort of a time of weakness for him. right now, look, joe, he's just won re-election. 67% of the american public according to our polls believes that there should be a deal that contains a combination of spending cuts and tax increases. more than half of the american public says, you know what, we'd like the taxes on the wealthy to go up. so he does have public opinion
cliff. and when it comes to doing something to avoid it, house speaker john boehner bluntly told reporters today, there is a stalemate. for his part, president obama is trying to break that stalemate by asking voters to put more pressure on the republicans. cnn chief white house correspondent jessica yellin and chief political correspondent gloria borger join us right now. gloria, guess i'll start with you. does the president have any leverage? >> he has a lot of leverage right now. i...
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obama care was built on the backs of romney care. if he can say something about the fiscal cliff, the president can gain some bipartisan credibility. it's also the right thing to do. the real tradition of this is started in 1960 with kennedy meeting nixon in florida, and since then it's pretty much pro forma. what is 50-50 is whether a friendship gets developed out of this kind of lunch. >> this is the kind of thing that we take for granted in the united states. you really have to think about it, when there is no peaceful transition. >> well, you know, i recently wrote about the kennedy assassination, and it's amazing. here our president was killed in dallas in 1963, and in many countries people would go riot in the streets, but in america lyndon johnson was sworn in, and it's a smooth transition of power. look at gore verse bush in 2000. went all the way to the supreme court, but there they were breaking bread together, vice president gore and then incoming president bush. it is what -- what we're seeing today the healthy side of ou
obama care was built on the backs of romney care. if he can say something about the fiscal cliff, the president can gain some bipartisan credibility. it's also the right thing to do. the real tradition of this is started in 1960 with kennedy meeting nixon in florida, and since then it's pretty much pro forma. what is 50-50 is whether a friendship gets developed out of this kind of lunch. >> this is the kind of thing that we take for granted in the united states. you really have to think...
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we made progress with obama care. there's more we need to do. >> we need to engage and the white house is acknowledging this. do you not go along with the president? >> yes, sometimes i disagree with the president. >> yes, that is true. >> but if we are talking about making medicare more efficient, lowering the cost of prescription drugs to medicare, that's a reform along with their other reforms. >> how about this reform, raising the eligibility for medicare from 65 to 67 over several years? >> no. >> why not? >> why not? because there are working people out there who have have worked 40, 50 years they are in construction, waiters, waitresses and they have worked their entire lives and they are exhausted and they should not be asking to work to 67 to get health care. >> people are living much longer than they were in the '60 when the 65-year limit came into effect. >> if you are looking at people who reached the age of 65, unfortunately, in this country, life expectancy hasn't increased all that much. >> we interview
we made progress with obama care. there's more we need to do. >> we need to engage and the white house is acknowledging this. do you not go along with the president? >> yes, sometimes i disagree with the president. >> yes, that is true. >> but if we are talking about making medicare more efficient, lowering the cost of prescription drugs to medicare, that's a reform along with their other reforms. >> how about this reform, raising the eligibility for medicare from...
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president obama rejecting a fiscal cliff counter offer from republicans. the gop proposal calls for $2.2 trillion in deficit savings over the next decade, including 800 billion from tax reform. 600 billion from medicare reform, 600 billion in spending cuts. the white house is refusing to consider it because it doesn't include tax hikes for the wealthiest americans. >>> and britain is rife with speculation this morning, is kate having a boy, or a girl? is she having twins? triplets? what about a name? britain is buzzing with news that prince william's wife, katherine, is pregnant. she is in a london hospital being treated for severe morning sickness. >>> students at one elementary school in atlanta will attend class in a different building this morning. dozens were sickened yesterday at their regular school by carbon monoxide poisoning. at least 49 were sent to the hospital. fire officials believe the heating system failed. later this morning we will talk to a student, a parent and a school official. >>> the judge overseeing the court marshall of nadal hass
president obama rejecting a fiscal cliff counter offer from republicans. the gop proposal calls for $2.2 trillion in deficit savings over the next decade, including 800 billion from tax reform. 600 billion from medicare reform, 600 billion in spending cuts. the white house is refusing to consider it because it doesn't include tax hikes for the wealthiest americans. >>> and britain is rife with speculation this morning, is kate having a boy, or a girl? is she having twins? triplets?...
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president obama and house speaker boehner one-on-one in the fight over the fiscal cliff. we take the plunge in 25 days now. that means devastating tax hikes and spending cuts take hold at the start of the new year. congress breaks for the holidays in seven days. but democrats and republicans may be making headway. house speaker john boehner asked democratic leaders in the house and senate to get out of the way so he and the president can negotiate a deal alone. everyone seems to be on board. paul steinhauser is live in washington. nice to see you. new polls. what do americans want to see in a fiscal cliff deal? >> the polls are at these num, the big sticking points, should taxes be raised on those making over $250,000 a taxes would be raised if there's no deal to avert the fiscal cliff. yesterday as you said, the president was in northern virginia meeting with a middle class family who would suffer if there was no deal. last week the president went to suburban philadelphia, to a small business again to make the point of his side in these fiscal cliff negotiations. differe
president obama and house speaker boehner one-on-one in the fight over the fiscal cliff. we take the plunge in 25 days now. that means devastating tax hikes and spending cuts take hold at the start of the new year. congress breaks for the holidays in seven days. but democrats and republicans may be making headway. house speaker john boehner asked democratic leaders in the house and senate to get out of the way so he and the president can negotiate a deal alone. everyone seems to be on board....
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from going over the so-called fiscal cliff. and the president just rejected the republican proposal outright. so where does that leave us right now? tax hikes, spending cuts will automatically take effect january 1st unless the two sides can reach an agreement on debt reduction before then. our chief national correspondent john king is joining us right now. seems like they're posturing big-time. but the clock is ticking. >> you had the president's plan, now a house republican plan. at least you have two pieces of paper on the table. the republicans don't budge on the president's top priority, that trophy. he wants higher tax rates on wealthy americans. the republicans try to put some pressure on the democrats by laying out $600 billion in health savings, medicare and the like, adjust that cost of living increase for social security and other federal programs. the president's proposal puts pressure on republicans on rates. the republican proposal puts pressure on the president on entitlements and that cost of living adjustment.
from going over the so-called fiscal cliff. and the president just rejected the republican proposal outright. so where does that leave us right now? tax hikes, spending cuts will automatically take effect january 1st unless the two sides can reach an agreement on debt reduction before then. our chief national correspondent john king is joining us right now. seems like they're posturing big-time. but the clock is ticking. >> you had the president's plan, now a house republican plan. at...
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we mean, everybody, the president, barack obama, actually wrote that one. our money embroiled in fiscal cliff. >>> still ahead on "starting point," what's next for hillary clinton when she leaves the administration. mayor clinton? >> probably not. >> new york city is looking for a mayor. >> maybe something with a little more beach front property the next few years before thinking about iowa. >> i don't know. you're watching "starting point." we'll take some guesses. 0 calor? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. point." this just in, a school bus carrying children has crashe
we mean, everybody, the president, barack obama, actually wrote that one. our money embroiled in fiscal cliff. >>> still ahead on "starting point," what's next for hillary clinton when she leaves the administration. mayor clinton? >> probably not. >> new york city is looking for a mayor. >> maybe something with a little more beach front property the next few years before thinking about iowa. >> i don't know. you're watching "starting point."...
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about the fiscal cliff negotiations, but there is no progress. they still have a stand off over the rates. the president still wants to raise rates on the top 2% of americans. the speaker is not moving on that position. this comes on the same day that secretary geithner made it clear in language they have not used before, just how far they're willing to go in the administration to stand by those terms. >> is the administration prepared today go over the fiscal cliff? >> absolutely. there is no agreement without those rates going up on the top 2%. and they all get a tax cut on the first $250,000 of their income. >> reporter: so wolf, it's a step forward that they're talking, but in essence, where we stand right now, it's still a stalemate. >> any indication that the vice president, secretary of treasury, others are talking with top people on capitol hill? meeting face to face and going through these items line by line? >> reporter: my understanding is that the white house is not going to start negotiating the details until they hear either more sp
about the fiscal cliff negotiations, but there is no progress. they still have a stand off over the rates. the president still wants to raise rates on the top 2% of americans. the speaker is not moving on that position. this comes on the same day that secretary geithner made it clear in language they have not used before, just how far they're willing to go in the administration to stand by those terms. >> is the administration prepared today go over the fiscal cliff? >> absolutely....
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. >>> president obama made the fess cal cliff case to business leaders today. dan lothian is at the white house. dan, he is meeting with business leaders, but there is no phone conversation that is taking place, no conversations at all taking place with boehner now. what position is the white house in? how does the president feel this is going? >> you're right about that. the white house continues to insist conversations are ongoing, but i'm hearing from gop aides that, in fact, what we're seeing in the public is exactly what's happening in the private, and that is that it's essentially a standoff. there are no phone conversations, no e-mails, no texting going back and forth, and identify been talking about this. it's very difficult to see how this process moves fashd if -- we see them bringing in business leaders to the white house, ceos, middle class americans, and they're reaching tout these ceos of the business roundtable saying his policies will help businesses. his policies will make it easier to create jobs and that he is rooting for them. at the time he
. >>> president obama made the fess cal cliff case to business leaders today. dan lothian is at the white house. dan, he is meeting with business leaders, but there is no phone conversation that is taking place, no conversations at all taking place with boehner now. what position is the white house in? how does the president feel this is going? >> you're right about that. the white house continues to insist conversations are ongoing, but i'm hearing from gop aides that, in fact,...
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. >>> in 29 days the nation goes over that so-called fiscal cliff. tax hikes and spending cuts kick in if no agreement is reached between the house and republicans on how to close the budget gap. it has been more than two weeks since president obama invited the major players to the white house to discuss the situation. as of this morning, no new talks are scheduled. brianna keilar joins us. so many republicans say they are pessimistic about a deal happening in time to avert this fiscal cliff. some say it's for political reasons. what can you tell us? >> it may all be for political reasons. that's no surprise in washington. as you can seen through dealmaking not just on this but things in the past couple of years between the white house and congress, there is almost this rhythm that has evolved. both sides are pointing to the other for an impasse. republicans like senator lindeyy graham just slamming the white house and tim geithner for a plan he laid out on behalf of the administration, laying out about $1.6 trillion in new revenues coupled with only
. >>> in 29 days the nation goes over that so-called fiscal cliff. tax hikes and spending cuts kick in if no agreement is reached between the house and republicans on how to close the budget gap. it has been more than two weeks since president obama invited the major players to the white house to discuss the situation. as of this morning, no new talks are scheduled. brianna keilar joins us. so many republicans say they are pessimistic about a deal happening in time to avert this fiscal...
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Dec 4, 2012
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president obama made clear today that it will not be possible to get a deal to avert the fiscal cliff without raising taxes on the wealthy. the gop's plan did promise $2.2 trillion in deficit savings over the next decade. that's about half of what the president promises in his plan. but the gop plan does it without any tax hikes on the rich. and that is not going to fly with democrats. republicans for their part are unhappy that the president's proposal calls for $200 billion more in stimulus spending over the next year. here is how that breaks down. $95 billion to extend the payroll tax cut for one year, $30 billion to extend jobless benefit for one year, $50 billion to spend on roads and bridges and another $25 billion on short-term stuff like a temporary tax deduction for small businesses. the argument in favor of the president's plan is this could help people still hurting from years of economic trouble, but you know as well as i do, stimulus is almost as bad a word to republicans as tax hike. those are two words, actually. speaking of potential tax hikes, businesses continue to f
president obama made clear today that it will not be possible to get a deal to avert the fiscal cliff without raising taxes on the wealthy. the gop's plan did promise $2.2 trillion in deficit savings over the next decade. that's about half of what the president promises in his plan. but the gop plan does it without any tax hikes on the rich. and that is not going to fly with democrats. republicans for their part are unhappy that the president's proposal calls for $200 billion more in stimulus...